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Article: FED: States reap $11.9 billion from stamp duty
- Article from:
- AAP General News (Australia)
- Article date:
- August 8, 2003
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FED: States reap $11.9 billion from stamp duty
(Eds: Reissuing - revising total stamp duty take to $11.9 billion)
By Mike Hedge, Senior Correspondent
MELBOURNE, AAP - It is little wonder Australia's state and territory
governments have
drawn the wagons into a circle over stamp duty.
Last year it earned them $11.9 billion.
In NSW alone, the Carr government collects more stamp duty from
its six million constituents
than the British government does from 60 million.
Stamp duty is one of the more insidious taxes.
It is imposed on a variety of items and services from rental contracts
and insurance
policies to adhesive stamps.
But it is the ...